(Solved): Consider the following PPFs for countries A and B, and their respective autarkic output levels. If t ...

Consider the following PPFs for countries A and B, and their respective autarkic output levels. If trade subsequently opens, we would expect

1. Consider the following PPFs for countries A and B, and their respective autarkic output levels. If trade subsequently opens, we would expect YA y B B 1 XA Country A country A to export Y to country B. the relative price of Y to rise from country A's point of view. the relative price of X to rise from country B's point of view. country A to export X to country B. country A to increase Y production. X4 1 x8 Country B B